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america are movies, tv, science, technology. they're not keen on democracy as america preaches it. heading into another four years of the obama administration, where are we, and why are we here, and how do we get somewhere else? what went wrong, what is going right, and what to do about it going forward? >> first of all, i do not think that favorability ratings and the pew surveys of evidence of whether we're doing something wrong or right. i think it is a huge mistake for anybody who practices public diplomacy to think that his or her job is to win a popularity contest. well i guess maybe some of us who were in the bush administration can take a certain pleasure in effect in 2008, the favorability ratings for the united states were higher in four out of the five surveyed arab countries -- i am not even going to bring that up. [laughter] and it is a big mistake. in my view, and what i tried to do during my short tenure as undersecretary, is try to focus attention on what public diplomacy can do to achieve specific ends that are part of their goals in foreign policy and national security po
to manhattan, kansas. >> may know more about technology than a tomcat's knows about baking gingerbread. >> welcome to our viewers. israel killed the military commander of hamas and launched a series of attacks. hamas vowed in this would open the gates to hell. military action will continue. >> for the people of gaza, it looked like a war, and as in most wars, civilians are caught up in the violence. the first target today was the biggest hamas's most senior military leader was typify and -- hit by a military strike. he died instantly. hamas says this is a major provocation. good >> they will pay a price for this, because he was one of our most exceptional leaders. >> she sat at the top of the military wing. tonight israel published these images. the army released video footage of him being tracked and the moment when his car was hit. israel said the strike followed a wave of rocket attacks from gaza. >> i can just elaborate the target was to protect israeli civilians. they have been under constant rocket attacks for the last year. >> gaza is expected to face more casualties, among them
policy, whether government should support business ventures in new technologies that are unable to secure private funding. government appears to be worse at this than private markets from the records we have over the past five years. in contrast in a speech in california in may, mitt romney said, quote, the president doesn't understand when you invest like that in one solar energy company it makes it harder for solar technology generally because the other entrepreneurs in the solar field suddenly lost their opportunity to get capital. who wants to put money into a solar company when the government put half a billion dollars into one of its choice. excellent question. i wrote this book because we are not just spending half a billion dollars. we are spending $12 billion a year to make electricity more expensive rather than cheaper. that is $6 billion in tax breaks and $6 billion in direct expenditures. the green jobs that makes no sense and has low-income americans, we brainwash our children to think that green is good and fink uncritically about green products and green jobs and yet we can
as advances in military and defense technology. from last week, this runs just over an hour. >> ladies and gentlemen, welcome. my name is gideon and i'm the editor of foreign affairs and it is a wonderful privilege and honor and pleasure to be here again at the halifax from. foreign affairs is in the business of serious discussions by knowledgeable people with important issues, free and frank exchanges on the most important questions out there and that's actually the same business that halifax is and so we are delighted to be the media sponsor, and it is going to be fantastic weekend. let me just cut right to the chase. we have a fantastic panel, and more importantly, a great topic and a wonderful group with all of you as well and so let's get right to it. our panelists here, david singer of "the new york times," the former undersecretary deputy secretary of state for global affairs now a fellow at the center at harvard. the head of telefax holders distinguished sibling, the munich security conference where they have a great group. the point of the session is to do some big thinking on
. we had had a trade surplus last year for first time in almost ho years. and with technology investment many the u.k., now at 10-year high, it's not just the omed industries that are growing again, it is the new. so with all this and more, i truly believe that in this new century, just as in the centurys that came before, our done fri, britain can succeed. so let me turn. helping britain sell abroad is the fy tall part of the answer. but winning abroad actually begins at home. our country will only rise if we let our people rise. if we break aspiration and those who wanted to get on in life that means sorting out our welfare system and education because the most powerful natural resources we have are our people. i took the whole cabinet today to an academy school in bristol to show the transformation we need in our education system right across country. we need schools with high standards and high expectations so all our children get a proper start in this new competitive world. of course, we also need to deal with the deaf so it we can safeguard low interest rates and give b
advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. so i brought it to mike at meineke. we gave her car a free road handling chec
to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. >>> now for our "what in the world" segment. if history is any guide, second terms are often disrupted by a foreign policy crisis. it's easy to see how that might happen over the next four years with iran or syria, but there's a distinct possibility that the next big foreign policy crisis will take place somewhere else. perhaps thousands of miles away in asian waters over five islands and three barren rocks, all uninhabited except for a few goats. for months now, chinese and
. but israel has the edge in technology here. its sophisticated iron dome system takes out most rockets before they find a target. israel's military is also armed with precision-guided missiles. in this case, striking what is said to be the home of an hamas leader. egypt is trying to prevent this war from getting out of hand. spearheading talks aimed at ending the violence. israel's prime minister says hamas can end all this. ben wedeman is watching the conflict play out. >> reporter: we've seen apparent urgent action by the israeli army in this area to get as much material, tanks, armored personnel carriers and troops in the area around gaza in obvious preparation for a potential ground invasion of the gaza strip. but a decision to actually go in has to come from the leadership, from prime minister benjamin netanyahu and from his security cabinet. that has not come yet. on sunday, it's expected that the secretary general of arab league is going to come to gaza with four arab foreign ministers. it may be difficult to launch a ground invasion while just a high-level group is there. we understan
for systems for r an d. science and technology. the benchmark needed in western pacific. there's a whole pan plea of means which we will rebalance. ships are important they are good measure. there's more as we look forward the future and we meet the requirements of our defense strategic guidance in the regard. so having laid that out, i commend that to you as our future and how we see things today as we prepare our budget for fiscal year 14. it's to support the theafort i mentioned to you. i think we're on track and prepared to meet our national security commitment to the regard and the defense strategic guidance. thank you very much. i look forward to your questions. [applause] your article in foreign policy speaks to balancing the force. how do international navies play in to your stag -- strategy? >> the international navy play in to the descrat gi by mission. i think and by alliances that we've had. let me speak to the alliance. i just spoke to the western pacific, the japanese maritime self-defense force plays a we cooperate with them to share what we call long range track mission there
. down 60 points on the dow industrial average. nasdaq composite, weaker by 20 points. technology one of the laggards here today at 2883. the s&p 500 tonight gave up five points at 1374. we are moments away from quarterly earn from cisco. the company is expected to report a profit for the first quarter of 46 cents a share and revenue of $11.77 billion. let's get to today's market action as we await the numbers. good to see everybody. thanks for joining us. carol, what are you expecting in 2013 under president obama's policies? >> i'm not expecting anything very good, maria. i think that we're going to end up with some sort of a slow down. i think whatever the compromise that ends up being made under this grand bargain, it's going to be something that ends up hurting unemployment. that being said, i think there's always a tale of two markets. from a broader market standpoint, i expect the market to be hurting. there's always opportunities to be had. >> steve, you have some breaking news earlier. you reported on janet yellen. tell us what that says about where we're headed in terms of e
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technology company. certainly when you think about silicon valley and companies that have hit hard times. very view come through it and re-emerge. apple is one that we can all remember having done that. ibm. although not a silicon valley company but technology company. most recently perhaps ebay in a significant decline but i spoke to john at length on friday and it appears they have brought around their marketplace business in addition to continue strong growth at the paypal unit. it's difficult to do. when you come back to yahoo! you have to wonder how do they do it? >> is there an act two? cisco tonight almost every analyst on the street said they're going to miss. >> universal in both miss and then the guidance is going to be negative. david, when you spoke with stevenson, didn't you get the sense that the companies are done spending on anything other than amd on towers? >> they got to spend. you know, stevenson was very outspoken in saying fiscal cliff. we're not spending but we are. we're deciding to spend $14 billion over the next three years. they absolutely have to in order to c
rocket aimed toward the city of ashdod. but israel has the edge in technology here. its sophisticated iron dome system takes out most rockets before they find a target. israel's military is also armed with precision-guided missiles. in this case, striking what is said to be the home of an hamas leader. egypt is trying to prevent this war from getting out of hand. spearheading talks aimed at ending the violence. israel's prime minister says hamas can end all this. bd ben wedeman is watching the conflict play out. >> reporter: we've seen apparent urgent action by the israeli army in this area to get as much material, tanks, armoured personnel carriers and troops in the area around gaza in obvious preparation for a potential ground invasion of the gaza strip. but a decision to actually go in has to come from the leadership, from prime minister benjamin netanyahu and from his security cabinet. that has not come yet. on sunday, it's expected that the secretary general of arab league is going to come to gaza with four arab foreign ministers. it may be difficult to launch a ground invasion w
practice. muni -- okay. f7. muni fails to fully implement technological improvements. muni says -- they give us a list -- muni gave us a list of improvements that are under way. they say these will reduce the need for switchbacks. the jury answers, "the jury appreciates the efforts being made. we are glad some of these are partially accomplished and others coming in the future. many systems we interviewed had these technologys in place. we would like muni to have a sense of urgency about the improvements and concerned about the term "under way" and completion dates that are years away" . on f8 which concerns a new control center lacking adequate operating personnel and f9 muni has failed to conduct and publish rider survey and muni agreed with both of these findings. as far as the recommendations, the first recommendation is to eliminate switchbacks except when unavoidable. muni disagrees with the recommendation reasserting that switch backs are valid and necessary given the operating environment. they have worked on reducing the switchbacks and keeping the public informe
the parched lands of the sahel and congo, technology is transforming things. everything is speeding up. everything is opening up. now, if i can talk about something i actually know about for a moment. this feeling reminds me a little bit, maybe more than a little bit of the arrival of punk rock in the mid 1970's. you see, the clash were the very base of the rock and roll pyramid and overnight gave the finger to the dreadful business, the lurgy at the time that was at the top of the pyramid. it was called progressive rock. epic lyrics, no hooks, no -- great reviews. [laughter] punk bands made no reference of being worthy of the audience. if you want to play, great, grab a guitar and you're in. the clash were like a public service announcement with guitars, and they gave youtube the idea that social activism could make for a very musical riot. so i'd just like to point out that none of your professors, not a single one, not ever has ever drawn or is likely to draw the connection between the arab spring and the clash. just a little intermission. [applause] and ok. sharpen your pencils. i
a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is
&p 500 fell further below the 200 day moving average. technology and financials were the worst performing s&p sectors. palladium and platinum pushed higher at report ed reports of y deficits boosted both metals. jumping nearly 5% while platinum added more than 1%, gold going the other direction and in the day lower falling more than $6. and small business owners remain cautious in october ahead of the presidential election. saying the optimism index rose slightly last month claiming 93.1, while just 4% of those surveyed said they plan to hire. we have the cme trader in the pits of the cme. telling us another downturn is ahead, and says a recession is on the horizon. todd, you say the technicals indicate that we should be going even lower than we have today. why so? >> good afternoon, david. we are now in a technical pattern with lower highs and lower lows. another indication of why we would want it to go lower here. in lower moves we can expect bounces like we had today. i would think any rally we see in the next couple of days will be gladly hauled into. based on the technicals of the ma
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of them. they know they have tanks, heavy materials, all the good technologies to do so, but they want to make sure. the united states will be with them. melissa: are we? >> president obama made a statement which any u.s. president would make, we're with you against hamas. he did not make a statement of who should go in. that is in the gray area. israelis are concerned, what would egypt do? we have a muslim brotherhood leader, will he actually actively support hamas or just verbally? also to be seen. melissa: you stay behind all of this iran has a hand in this as well. >> they have been there the last five or six days, there is a consensus amongst analysts that if the iranian regime has been pushing radical, they give them all the support to start showing on israel. they will be retaliating and of course hamas will retaliate. iran is under sanctions, you and i have discussed this for many weeks. i want to pay attention to the israeli conflict. the ally of iran is under tremendous pressure. they want to draw attention to the gaza conflict. melissa: we have to focus on the money angle. w
that are either increasing dividends or looking to initiate dividends in this environment. technology companies will be less likely to initiate dividends in that environment where you had a higher dividend -- tax on dividend rates as opposed to capital gains. that's the scenario to watch out for. >> last word to you, quickly. >> yes. you know, the thing we have to remember is that interest rates are very low. investors right now are all about generating income. and i believe that our politicians recognize that. i believe the corporations recognize that. so you can't change your strategy just because we may be seeing a change in tax rates. >> all right. you might be giving a little too much credit to politicians, but -- >> maybe. >> -- i digress. thank you for joining us. >> in the final stretch. market just went negative. we've given up those gains and then some with the nasdaq under pressure. >> after many beaten down years, housing is red hot. we'll deconstruct whether this hal rally can continue. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making mo
? it happened because of the force of power of the information technology boom, the creation of private credit, and rapid increase in tax revenues. stephanie showed us something that was not a forecast at the time. those who were there in 2000 remember that the secretary of the treasury at the time and the chairman of the federal reserve were talking about a 13-year horizon for the complete elimination of the public debt. there was no forecast that the technology boom would come to an end, but it did. from 2000 onward, we were back into a more normal position of the government running substantial deficits as the private sector rebuild its financial position. that is the first point. long-term forecasts, the idea that one can control the future position of the debt and deficit by actions taken today, is an extremely tenuous and debatable idea. the second point is that there are certain assumptions being made which create extremely scary scenarios. those numbers that were shown -- in stephanie's presentation, the expectation that public debt would rise close to 200% of gdp by 2005. what is that
by technology stocks and also ship builders. in us a take i can't, commodity plays lent support to the asx 200. talks of a leverage buyout plan. sensex now trading louisa, back to you. >>> the spanish bad loans according to reuters, now at the 10.7% during the month of september versus 10.5% seen in august. so according to the bank of spain, we're seeing that figure just creeping up just by a tad. now, in the u.s., a slightly grimmer picture. major u.s. indices have fallen by 5% since the election day. this month already stacking up to be the worst november for the dow and the s&p 500, ninth worst november since 1973. so it's been pretty dismal trade if you're an equity holder. hi, charles. we talk about this and we're looking at a bounce in europe this morning. do we think the grimness will continue? >> i think the equity markets, they couldn't really believe bond the election until it was out of the way. you had clearly different scenarios fending on who won. having got that we were left with very much the same political structure that we had going into it. so you had to reprice in some tail
to the upside. housing stocks, not necessarily. you know, we like industrials. we like technology. we like global companies that are going to benefit as the global economy improves. we think the u.s. grows 2, 2 1/2% next year. the global economy grows 4% plus. cheryl: you also like the auto sector, which i think is interesting. i mean, again, those stocks have performed fairly well this year, but still gm under a lot of pressure, not where it needs to be frankly on the government's perspective anyway. >> right. we like the fact they will contribute to growth this year. whether they are the right stock and right way to play it, not so much. we like industrials generally, manufacturing as well and technology we think continues to be a very good play. cheryl: i mentioned some of the sectors that got hit last week, what do you think about defense right now? >> defense, i think, we were not playing defense big anyway. healthcare we're still concerned about for the obvious reasons, right? there's going to be a lot of pressure, a lot of constraints given what's going on in a macro sense. so, you
holdings, marvel technology. >> i think that technology is being passed by. it is a very poorly run company. maybe the 3% yield helps it. i don't want anything to do with that stock. i would like to go to cody in michigan. cody? >> caller: boo-yah. >> wow. nice. >> i want to know what you think of ttc? >> yeah, it's a great housing play. it's a winner. i feel like it's going to continue to win. and let's go to carol in big missouri. carol? >> caller: boo-yah, jim! >> nice overtime win there, carol. what's up? >> caller: yeah, i'm wondering if you think alcoa aluminum is poised for a rebound in 2013. >> in 2013, yes. it does have tremendous tax law selling between now and year end. that is one horrible commodity that he has to deal with. it was like, you know, the copper corporation would be doing good. let's go to daniel in virginia. daniel? >> caller: yes? >> go ahead, daniel. you're up. >> caller: yep. >> you're up. >> caller: yeah, i'm wondering about ssys. >> stratus. yeah, that thing up is too much. that is a register ringer if i ever saw one. i don't want to be in a technology stock u
rushed, particularly technology companies rushed to europe. you'll see in q-1 companies saying, look, we have maintained our european. don't worry about european. if they don't say it, i think we'll sell the stocks. >> worse before it gets better was on the conference call. >> industrial production misses this ridiculous fight between the eu and imf. bank of england cutting growth outlook for the u.k. >> gdp tomorrow. it will be terrible. alco alcoa being struck because they try to close a plant. the conversation will be at the beginning of the conference call and europe -- we're managing europe down to x. european we're going to close europe. ford motor gave you an example of what will happen. we won't let europe bring our company down. latin american, asia turn turne. we won't let europe ruin us. europe will be isolated. that's what happens if you decide to go off the grid like they're doing. their major issue is carbon tax. they keep talking about carbon tax. the european, the german power company talking about having too much solar power which is bringing down and able to make money
of this system, paid for partly with u.s. tax money, they will see amazingly effective antimissile technology at work. and that's said to be 90% successful. it discriminates between the missiles that are going to hit cities and the ones that are just going to land in the woods and takes out the ones that are headed for cities. so it's a potential game changer here. >> schieffer: all right, well, david you'll be back if our rowntable later in the broadcast. i want to turn now to john mccain, a member of the armed services committee, the ranking republican on armed services. senator, what can the united states do here? obviously, no bon wants this thing to spiral out of control. >> well, the united states, obviously, should be as heavily involved as they possibly can. i'm not sure how much influence that this administration has. the president's first priority in 2009 was the israeli-palestinnian peace process. obviously, there was no progress there, and there are various reasons for it. we won't waste the time. i think several things make this issue very dangerous. one is egypt and the whole ch
interesting. >> a lot of western technology firms build for instance disk drives in thailand. when thai experienced severe flooding those western companies got hit. what is attractive about thailand for long-term investors? >> it's mainly political to begin with. as you know they went through a lot of political turmoil. you had the red shirts, the yellow shirts, fighting on the streets of bangkok and so forth but they have a fufl foundation for political stability which is very good. and also they have a very diversified economy. >> we'll continue talking with mark mobius tomorrow, china's communist party selects a new set of leaders this week. we will talk about how this change in power could impact china's economic relationship with america, and american investors. >> reporter: i'm sylvia hall in washington- still ahead, u.s. borrowers owe more than $1 trillion in student loan debt. so could helping them pay it down be a $1 trillion industry? i'll introduce you to some entrepreneurs who think so. >> susie: besides the fiscal cliff, investors and traders on wall street were talking abo
. you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sleep number collection, designed around the innovative sleep number bed - a bed with dualair technology that allows you to adjust to the exact comfort your body needs. each of your bodies. so whatever you feel like, sleep number's going to provide it for you. during the final days of our semi-annual sleep sale, save $500 on our classic series special edition bed set plus special financing on selected beds but hurry sale ends sunday. you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. >>> a deal on the fiscal cliff i
of another republican. we keep forgetting that. we're not using a new technology. romney, i think there was prejudice in the party against his mormonism. i think a lot of evangelists stood back as they did when john mccain ran. we were 3 million votes down. i would like to hear what the other republicans have to say about that. i think bobby jindal is going down the wrong route in jumping on romney now. we had fractional primaries and that took a lot of steam out of romney and set us up for the democratic assaults. host: in georgia now, charles. caller: calling from cleveland, georgia. i believe the republican party pass to get back to the constitution. these undeclared wars have to stop. we threw away the ron paul supporters. we needed them to defeat obama. romney did not mention the constitution many times -excuse- me, i'm nervous. we have to go back to the constitution. if the republicans don't go by the constitution, they are no better than the democrats. host: plenty more time for your voices. looking for your phone calls, facebook posts, and tweets. more from the weekend act
pressures and the uncertainties, and also other technology companies really did not have very good quarters as well. i thought the company did a very good job on execution, on cross control and market share gains. the fact that this company is grow revenues at 5.5% while its peers saw revenues decline 4.3% in the same time period, it really speaks to the market share gains that they're seeing and that the clear highlights to me were service provider video, retireless and data center all growing double digits nicely. >> kelly and i were talking about this earlier. cisco seems to sort of outperform -- seems to be an outliar. does well when others aren't and doesn't do well when others are. i'm wondering is that actually the case? because that's the appearance. and indeed whether we can take anything for the sector from this. >> i think the one thing that if you want to take away from cisco's quarter is that the u.s. enterprise for cisco grew 9%, versus 5% last quarter. that's the second quarter in a row where you saw acceleration. and this is a leading indicator for its broader businesses. th
technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> ruckus wireless celebrating its ipo today. trading lower by 2.5% right now. joining us is selina lo. great to have you with us here at post 9. >> hi. >> so many other ipos this week withdrew because of market conditions. you opened at 15 but the stock is trading lower. any regrets? any thoughts about possibly delaying this thing prior? >> no. we had had incredible reception when we were on the road. we had some high quality investors. i believe that this -- we can't control the economy or the stock market but we feel good about our economy and the level of interest. >> ms. lo, can you talk about who your competitors are and one of the things we've been talking about is dell is going by the wayside. sears. who are you replacing? who would i have used before and now i use you? >> we make wi-fi equipment for service providers and enterprises. our equipment is extremely reliable and easy to deploy. and now with so many mobile devices and the whole interest in mobile internet, we are
of the information technology boom, creation of private credit and, therefore, rapid increase in tax revenues. and so what stephanie showed, this was something that was not forecast at the time. at the time those who were there in 2000 remember that the secretary of the treasury at the time was -- and the chairman of the federal reserve -- were talking about a 13-year horizon for the complete elimination of the public debt. and the congressional budget office was not forecasting that the information technology boom was an aberration that would come to an end, but it did. and from 2000 forward we were back into the much more normal position of the united states government running substantial budget deficits. and as the private sector rebuilt its financial position. so that's the first point is that long-term forecasts, the idea that one can control the future position of the debt and the deficit by actions taken today is an extremely tenuous and debatable idea. second point is that there are certain assumptions being made which create extremely ostensibly scary scenarios. those numbers that show and,
there are interesting investment opportunities in technology, in home builders that have pulled back, but we're not quite there yet. i think we'll get that opportunity in the coming weeks. >> you think there will be a lot more volatility and what we've seen will continue? >> yeah, take a look at the lame duck sessions of the last 50 years. volatility is three times higher in lame duck sessions. so expect that. plus every one of them, we've seen the market decline. even with major accomplishments like increasing the debt ceiling. so still likely to see some down side. i don't being ythink you need t about missing it. the big he risk is being too early coming back in. >> what are the tech names that you like? >> in the technology sector, there's a lot of interesting opportunities. mainly those that export. china's growth is beginning to improve. they buy a lot of capital equipment from us. so it's the big names in technology that provide a lot of that export capital equipment that we think will buns back the strongest in the first. >> bob, another thing we've been talking about is the people h
strikes me as a step to get the behavioral change and the technological innovation we will need to adjust and adapt to what we have already done. a carbon tax also raises revenue in a way that could be used in different forms. it has an additional benefit associated with it. i am in favor of it. i do not think it is remotely plausible within the narrow political discussion we're having today. >> we start seeing gasoline prices coming down because the price of oil starts to fall because of all the activity producing in this country, maybe that will be an opportunity to increase the federal gasoline tax. with 50 cents a gallon federal tax. >> the only problem is from a climate perspective, transportation and gasoline is a small share of the problem. the problem is really in the energy sector. without a carbon tax, you're not directly getting at that. >> i think the carbon tax makes enormous sense to do with the environment impact of energy use. you can design one in a way that does not cause too much harm for american industries that compete with folks abroad. consumption tax, there are thi
. in energy we have created 1 billion pounds for capture in storage, one of the key technologies of the future. we created the world's first green investment bank. we're pioneering a new incentive for heat systems in people's homes, and we are putting in place a robust financial framework to incentivize renewable electricity. as a result, more than 12 billion pounds has been committed to into renewable projects in the u.k. and the past 18 months alone with the potential to support around 20,000 new jobs. we've also created new incentives to squeeze more oil and gas out of the north sea, including from the marginal fields. when we see opportunity, we must go for it. look at the way we of got behind tech city right here in london. two years ago there were around 200 digital companies. today there are 1200. with major tech companies like amazon and facebook setting up developer centers, this is now becoming the fastest-growing technology cluster anywhere in the world. we will be publishing new strategies for aerospace and ameritech, alongside it clear, offshore renewable and more to come. this st
of technology you guys have the ability to know how many you've sold. how many have you sold, paul? >> liz, you know, i have to let my good friends in nintendo make those announcements before we can make them. you know the same thing happens with black ops 2 and halo. we're very happy with the launch. never in history have we launched a console with the kind of market share we have and the power of rewards community of 21 million customers. so we're really excited about this console and this technology all the way through the rest of the holiday. liz: let's talk about it because the wiiu is the first new sort of hardware console in about six years as i understand it. the x-box has been hugely, hugely powerful, but here comes the wiiu. then you've got the ds-3 which is also nintendo. the question becomes, a $300 product is not cheap obviously. what is it about this particular hardware paul that has captured people's attention and forced money out of their wallets? >> you know, liz, our customers are looking for innovation. one of the things about the console gaming business is that it does go in
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